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closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r
a split and one of the interesting ways you can follow it has to do with what -- john boehner versus paul ryan. boehner is pushing for conference shame, republican congresswoman rogers while ryan is pushing tom price who used to run the conservative caucus in the house. if most of the caucus is getting behind them then it's a sign they'll dig in their heels. if they're going with boehner, it's a sign they'll deal. >> i want to bring in a democrat on both the armed services committee and select committee on intelligence and the fiscal cliff if i might. do you think the republicans will come to play? >> i believe that they will. it's my hope that everyone has gotten the message loud and clear that the american people expect us to compromise, democrats and republicans coming together to solve the fiscal cliff issue but in a balanced way and that is certainly what president obama has campaigned on protecting a strong middle class, allowing the tax cuts to expire above $250,000, but we can't be afraid to compromise but we can do that without compromising our principles. >> is part of this deal
. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up next i'll talk with someone who was in this morning's closed door hearing with general petraeus, republican congressman tom rooney will join the show. what do you think about today's testimony? tweet me your comments at thomas a. roberts. we're back after this. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunc
. >>> if the fiscal cliff negotiations seem familiar, we've seen the movie before. president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little bet
Search Results 0 to 6 of about 7 (some duplicates have been removed)